Please read following two articles which contemplate the differences in IFRS today, particularly as they pose challenges to the meaning of IFRS in the coming years and answer the following questions Articles The Future of International Financial Reporting Standards (A) https hbsp harvard edu tu a3afad38 The Future of International Financial Reporting Standards (B) https hbsp harvard edu tu ae6dff42 Questions 1) What are the TWO most substantial challenges to the growth and development of IFRS in the coming years Please briefly discuss these challenges 2) In your opinion, how could the IASB and its key constituents address these challenges

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Question: Please read following two articles which contemplate the differences in IFRS today, particularly as they pose challenges to the meaning of IFRS in the coming

Please read following two articles which contemplate the differences in IFRS today, particularly as they pose challenges to the meaning of IFRS in the coming years and answer the following questions.

Articles:

The Future of International Financial Reporting Standards (A) https://hbsp.harvard.edu/tu/a3afad38
The Future of International Financial Reporting Standards (B) https://hbsp.harvard.edu/tu/ae6dff42

Questions:

1) What are the TWO most substantial challenges to the growth and development of IFRS in the coming years? Please briefly discuss these challenges.

2) In your opinion, how could the IASB and its key constituents address these challenges?

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